I pity the man who wants a coat so cheap that the man or woman who produces the cloth will starve in the process.
Benjamin HarrisonRead
There never has been a time in our history when work was so abundant or when wages were as high, whether measured by the currency in which they are paid or by their power to supply the necessaries and comforts of life.
Interpretation
This quote emphasizes the abundance of work opportunities and high wages in history.
Benjamin Harrison highlights a unique period in history characterized by widespread employment and elevated wage levels. This statement not only reflects optimism about economic conditions but also suggests that people had greater access to the essentials and comforts of life due to favorable labor market conditions.
In practice
This quote can be used in a speech about economic growth during the annual employment summit.
I pity the man who wants a coat so cheap that the man or woman who produces the cloth will starve in the process.
Great lives never go out; they go on.
I knew that my staying up would not change the election result if I were defeated, while if elected I had a hard day ahead of me. So I thought a night's rest was best in any event.
The first step to prescribing the right medicine is to recognize the cause of the illness. And, when it comes to what is ailing the global economy, extreme monetary easing has been more cause than cure. The sooner we recognize that, the stronger and more sustainable the global economic recovery will be.
The role of liquidity in systemic events provides yet another reason why, in the future, a more system wide or macroprudential approach to regulation is needed.
The collapse of the world's banking system and the impending disaster of accelerating climate change are not separate phenomena. They are simply the most visible symptoms of a particular model of capitalism that will bring civilisation to its knees. But those symptoms will not get sorted unless and until we commit to a radical transformation of the way we create and distribute wealth in the world today
Today we have a temporary aberration called "industrial capitalism" which is inadvertently liquidating its two most important sources of capital, the natural world and properly functioning societies._x000D_ _x000D_ No sensible capitalist would do that.
Money is not an invention of the state. It is not the product of a legislative act.
Perhaps the hardest challenge has been to persuade the public, impatient for rapid growth, of the need to ensure stability first. Growth, it is argued, is always more important, regardless of the looming economic risks.
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